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Tecom in talks with Dell over joint venture

WEFME: Dubai-owned investment firm also expects to make three acquisitions this year.

By Will Rasmussen

Sun 18 May 2008 01:51 PM

Dubai-owned Tecom Investments is in preliminary talks on a joint venture with Dell and says it expects to make up to three acquisitions in the Middle East and Africa this year, including a mobile phone firm.At least one of the purchases is likely to be in the UAE, Abdullatif Al-Mulla, chief executive of Tecom Investments, said in an interview in Sharm El-Sheikh ahead of a World Economic Forum (WEF) conference.

Tecom owns stakes in mobile phone operators in Tunisia and Malta, as well as in the UAE's Du telecom. The company also operates business parks in the region.